Betfred negotiating to sell a quarter of its Tote stake

26 Feb 2018

Betfred, the renowned UK operator is about to sell 25% of its stake in the Tote pool betting operation. According to Sky News, the £30m deal will be concluded within the next weeks. On ongoing advanced negotiations are currently held between Betfred’s founder Fred Done and Eamon Wilmott, chairman of racing technology provider Total Performance Data and a former board member of the British Horseracing Authority (BHA), with whom Done shares a prolonged controversy.

Seven years ago, Betfred and Tote signed a bilateral agreement which authorized the pool betting operation to offer exclusively wagering services. The deal ended last summer leading to Britbet becoming an independent pool betting service. As Sky News reported, Done is positive that Tote can “significantly increase its market share”, after name-calling Britbet as a weak opponent.

A few words on Betfred:

Betfred is a reliable UK booking operator, that offers its services to millions of punters. Established back in 1967, they are licensed by both the United Kingdom Gambling Commission and the Gibraltar Licensing Authority. Being one of the largest bookies globally, Betfred allows betting not only football, but on a wide range of sports, including tennis and basketball.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

After a week off due to national team fixtures the English Premier League returns to action, and what a better way to do start matchday 9 than with th...

Read more »

Gambling can be traced in Germany all the way back to Roman times when soldiers were playing several forms of dice games. At some point after the intr...

Read more »

The UK Gambling Commission fined online betting operator Betway £408,915 for marketing on the kids’ section of the West Ham United Football Club...

Read more »

The 2021 report from the Malta Gaming Authority (MGA) has been released. The MGA generally took less regulatory actions, such as issuing fewer warning...

Read more »

The 2022 European Cricket Championships, held in Malaga, Spain, now have Stake.com as an official partner. The T10 competition, in which 21 national t...

Read more »

Just one week after an impressive 49-goal matchday 1, UEFA Champions League action is back. Among all the exciting events, the one that stands out the...

Read more »

LeoVegas Group, the renowned igaming operator, disclosed on Thursday that English Premier League giants Manchester City is the subject of a new partne...

Read more »

The moment football fans worldwide have been waiting for has finally come. The 2022-23 UEFA Champions League season is officially underway with 8 matc...

Read more »

After expanding into Colorado, their second active US state so far, Bet365‘s presence in the North American market has grown. Bettors in the Cen...

Read more »

The 2022 summer transfer window ends on the night of September 1st. As the deadline day is rapidly coming close, top European clubs are looking to sea...

Read more »

LATEST BOOKMAKER PROMOTIONS